Palace Capital (LSE:PCA) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2023)

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What is Palace Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Palace Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.06.

Palace Capital's long-term debt to total assets ratio declined from Sep. 2022 (0.35) to Sep. 2023 (0.06). It may suggest that Palace Capital is progressively becoming less dependent on debt to grow their business.

Palace Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palace Capital's LT-Debt-to-Total-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Palace Capital LT-Debt-to-Total-Asset Chart

Palace Capital Annual Data

Trend

Jan13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.36

0.39

0.36

0.24

0.28

Palace Capital Semi-Annual Data
	Jan14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.24	0.35	0.28	0.06

Palace Capital LT-Debt-to-Total-Asset Calculation

Palace Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	56.206	/	201.773
	=	0.28

Palace Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	8.078	/	137.048
	=	0.06

Palace Capital (LSE:PCA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Palace Capital LT-Debt-to-Total-Asset Related Terms

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Palace Capital (LSE:PCA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Palace Capital PLC (LSE:PCA) » Definitions » LT-Debt-to-Total-Asset

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PCAl:UK

Address

6-8 Greencoat Place, Fora Victoria, London, GBR, SW1P 1PL

Website

https://www.palacecapitalplc.com

Palace Capital PLC is a property investment company. Its property portfolio includes investment properties located throughout England, predominantly regional investments outside London, and comprises a diverse portfolio of commercial buildings. The company generates revenue in the form of Rent. Its only reportable segment is an Investment property. The company's properties include Hudson House, York; Fraser House, Staines, Milton Keynes, and Midsummer Boulevard.

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